HSBC In Talks For 5 Private Equity Fund Buyouts

Law360, New York (June 4, 2010, 3:31 PM EDT) -- HSBC Holdings PLC is in talks with the leadership of five of its private equity fund management businesses around the world — including locations in the U.S., the U.K. and Hong Kong — to sell off the units in five separate management buyouts, the London-based banking group said Friday.

The company confirmed that it is discussing the possibility of the buyouts with the management teams of its private equity fund management units in the U.S., the U.K., Canada, Hong Kong and the Middle East.